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A bill would give towns more say over the water that Poland Spring buys from local utilities

A bill would add new restrictions on a type of deal that Poland Spring the biggest water bottling operation in Maine, which pumps roughly 1 billion gallons a year has struck to buy water directly from some local utilities. ....

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Nestle sells Poland Spring to private equity firm

FRYEBURG, Maine â The sale of Poland Spring Brand Natural Spring Water, which gets water from springs around Fryeburg, to One Rock Capital Partners LLC and Metropoulos & Co. was announced March 31 as part of the private equity firms previously announced acquisition of Nestle Waters North America, including Poland Spring,Â from Nestle S.A.
According to Vending Times, Dean Metropoulos, an industry veteran with 40 years of experience operating and investing in food and beverage brands, has been appointed chairman and interim CEO of Nestle Waters North America.
Metropoulus & Co describes itself as a family-owned investment firm and is based in Greenwich, Conn. ....

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Fryeburg Water protest draws a crowd

FRYEBURG, Maine â A crowd of about 100 people gathered in downtown Fryeburg last Saturday to sound the alarm that Nestle may sell Poland Spring to private equity firm One Rock Capital.
Nestle announced last June that Poland Spring was among its U.S. brands that could be sold off as part of a new direction for the international company.
Nestle S.A. is headquartered in Vevey, Vaud, Switzerland. According to statement released June 11, its board of directors approved a new strategic direction for its waters business that will focus on its iconic international brands while also seeking to improve the environment. ....

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Editorial: The commodification of water spells uncertainty for Maine citizens – The Maine Campus

February 15, 2021
On Saturday, Feb. 13, Community Water Justice, a group dedicated to combating water privatization in Maine, held a protest in Fryeburg in response to the news that Nestle S.A., the Swiss food and drink processing corporation, was in negotiations with One Rock Capital Partners LLC, a New York-based private equity firm, for the sale of a number of Nestle’s bottled water brands, including the Poland Spring brand and its nine springs in the state. While Mainers should not necessarily have to worry about a Wall Street firm pillaging their aquifers, the public anxiety surrounding this possible sale speaks to a larger, ongoing debate in the U.S. regarding the commodification of water as its availability becomes increasingly unreliable. ....

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